BITCOIN - BTC/USD - 1H - Technical analysis published on 12/05/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 7,241.22 USD
My targets
7,420.15 USD (+0.62%)
7,668.32 USD (+3.98%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on BITCOIN - BTC/USD as long as the price remains well above 7,241.22 USD. The buyers” bullish objective is set at 7,420.15 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7,668.32 USD. If there is any crossing, the next objective would be the resistance located at 7,780.94 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
6.6
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Additional analysis
Quotes
BITCOIN - BTC/USD rating 7,374.60 USD. On the day, this instrument gained +2.53% with the lowest point at 7,175.75 USD and the highest point at 7,399.45 USD. The deviation from the price is +2.77% for the low point and -0.34% for the high point.7,175.75
7,399.45
7,374.60
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is bullish. The signals given by moving averages are 75% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7,086.87 | 7,163.50 | 7,241.22 | 7,374.60 | 7,420.15 | 7,668.32 | 7,780.94 |
| Change (%) | -3.90% | -2.86% | -1.81% | - | +0.62% | +3.98% | +5.51% |
| Change | -287.73 | -211.10 | -133.38 | - | +45.55 | +293.72 | +406.34 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,233.48 | 6,660.17 | 6,926.41 | 7,353.10 | 7,619.34 | 8,046.03 | 8,312.27 |
| Camarilla | 7,002.08 | 7,065.60 | 7,129.12 | 7,192.64 | 7,256.16 | 7,319.68 | 7,383.20 |
| Woodie | 6,153.25 | 6,620.06 | 6,846.18 | 7,312.99 | 7,539.11 | 8,005.92 | 8,232.03 |
| Fibonacci | 6,660.17 | 6,924.87 | 7,088.40 | 7,353.10 | 7,617.80 | 7,781.33 | 8,046.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,437.58 | 5,981.93 | 6,770.41 | 7,314.76 | 8,103.24 | 8,647.59 | 9,436.07 |
| Camarilla | 7,192.37 | 7,314.55 | 7,436.72 | 7,558.90 | 7,681.08 | 7,803.25 | 7,925.43 |
| Woodie | 5,559.66 | 6,042.96 | 6,892.49 | 7,375.79 | 8,225.32 | 8,708.62 | 9,558.15 |
| Fibonacci | 5,981.93 | 6,491.07 | 6,805.62 | 7,314.76 | 7,823.90 | 8,138.45 | 8,647.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,120.32 | 4,823.29 | 6,191.10 | 7,894.07 | 9,261.88 | 10,964.85 | 12,332.66 |
| Camarilla | 6,714.44 | 6,995.92 | 7,277.41 | 7,558.90 | 7,840.39 | 8,121.88 | 8,403.36 |
| Woodie | 2,952.73 | 4,739.50 | 6,023.51 | 7,810.28 | 9,094.29 | 10,881.06 | 12,165.07 |
| Fibonacci | 4,823.29 | 5,996.33 | 6,721.04 | 7,894.07 | 9,067.11 | 9,791.82 | 10,964.85 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 59.15 | |
| MACD (12,26,9): | 14.4000 | |
| Directional Movement: | 13.87 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 7,317.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,621.93 | |
| Elder Ray (13): | 67.59 | |
| Super Trend (3,10): | 7,425.20 | |
| Zig ZAG (10): | 7,388.53 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 80.09 | |
| TEMA (21): | 7,334.34 | |
| Williams %R (14): | -1.90 | |
| Chande Momentum Oscillator (20): | 204.23 | |
| Repulse (5,40,3): | 1.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.06 |
| MA7: | 7,413.01 | |
| MA20: | 7,582.02 | |
| MA50: | 8,289.79 | |
| MA100: | 8,786.56 | |
| MAexp7: | 7,330.32 | |
| MAexp20: | 7,301.63 | |
| MAexp50: | 7,297.20 | |
| MAexp100: | 7,317.76 | |
| Price / MA7: | -0.52% | |
| Price / MA20: | -2.74% | |
| Price / MA50: | -11.04% | |
| Price / MA100: | -16.07% | |
| Price / MAexp7: | +0.60% | |
| Price / MAexp20: | +1.00% | |
| Price / MAexp50: | +1.06% | |
| Price / MAexp100: | +0.78% |
This member declared not having a position on this financial instrument or a related financial instrument.
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